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Xanadu Mines director supports copper-gold strategy with on-market purchase

Xanadu controls one of the most promising porphyry copper-gold projects in Asia.
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Xanadu is exploring the Kharmagtai Copper-Gold Project in Mongolia

Xanadu Mines Ltd (ASX:XAM) director Hannah Badenach has demonstrated his confidence in the company’s Mongolian copper-gold strategy by acquiring shares on-market.

The acquisition of 100,000 shares valued at $12,500 has increased Badenach’s total shareholding to 1,410,738 shares (indirect interest).

Xanadu controls one of the most promising porphyry copper-gold projects in Asia with the Kharmagtai Copper-Gold Project in Mongolia’s South Gobi region.

 

It also has an expanding portfolio of exploration projects including Red Mountain in the south and Yellow Mountain in the north.

Kharmagtai is the flagship asset which hosts a JORC-compliant resource of 203.4 million tonnes grading 0.34% copper and 0.33 g/t gold for 1.5 million pounds of copper and 2.2 million ounces of gold.

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